I hate this post because economics, and government debt in particular, is really ******* complicated. Simple metaphors like this don't help people understand whats wrong, so people start proposing retarded ass solutions like its pure brilliance

Alright troll, this doesn't say anything about politics being uncomplicated. It makes a point that simply raising the ceiling doesn't help with the problem in either situation. It says eliminating the problem is what is required. If you've ever pumped water out of a flooded area, you'd know its hard ******* work and logistically complicated. Think before you type you ignorant cunt.

So what you are telling me is that you base the merit of someone's writing solely on whether you like someone or not. Well let's hope Krugman will never write anything about the existence of gravity, or you will be obligated to start floating.

I think the aforementioned Dunning-Kruger effect deserves another mention.

Krugman is a keynesian ********. Short run fluctuations in people's income do not change their MPC so there is no multiplier so fiscal policy to combat a recession is a joke. Long run deficit spending is little more than using a credit card too pay off debt.

"Short run fluctuations in people's income do not change their MPC so there is no multiplier so fiscal policy to combat a recession is a joke."
LOL you can't possibly be this dumb. Not surprising you'd hide the core of your argument behind an acronym that, if you spelled it out, everyone could clearly see that you have no idea what you are talking about.
It's Marginal Propensity to Consume. And your Marginal Propensity to Consume increases as your income goes down. IT'S AN ECONOMIC IDENTITY!!! Not only that but it's the most obvious phenomena in the world. Anyway the relationship between MPC and the velocity of money has nothing to do with Keynesian economics which advocates counter-cyclical spending- it's just a general argument for redistribution. Keynesian economics has nothing to say about distribution.
Have you ever heard of the Dunning-Kruger effect? Because you've got a real bad case.

"The permanent income hypothesis (PIH) is a theory of consumption that assumes rational behavior by agents"

LOL
Assume a spherical economy in a vacuum...

Just so everyone understands how stupid this is, the Permanent Income Hypothesis assumes that everyone in the world knows exactly what their lifetime income will be and spends their present money based on it, and that their spending does not change when they have less actual income because they know they will even out over the course of their life. It's hard to even write this down without losing brain cells.

well. If the solution to debt was to just get rid of the debt then I'm pretty ******* sure that's what they would have done. They're not just defaulting on loans and raising the debt ceiling for funsies

Really FJ... I get enough of this **** on Facebook. At least only one person so far has said something stupid and it was a ********. At least there was no "OMG Obamas should totally like cut his paycheck to pay for it all xDDDDDD"

We are all aware that fix the debt is the creation of a small number of billionaires who want to cut the top marginal tax rate and eliminate social security & medicare, no? And that's why they create these bizarre and facile analogies, so people don't understand what they're actually trying to do? It's a propaganda organization targeting the young and ignorant with ludicrous scaremongering and lies. I mean, honestly, if you find yourself nodding along to Fix the Debt propaganda you really need edjumacate yourself about government finances.

Then obviously, this is some american thing that went completely over my head, because I though it was more about: If you're already in debt, stop making it bigger and start paying it out.... which makes sense, but I was wrong, apparently...